Skip to content
berrytrail

Search

Search managers or tickers

PAR Capital

by Paul Reeder, founder since 1990 hedge fund

Legal name
PAR Capital Management, Inc.
On record since?
Q2 2013
Filings read
53
Website
parcapital.com
View more
CIK
0001051359
Read since
Aug 23, 2026

Q2 2026 · filed Aug 14, 2026 · $4.0B US stock · 45 positions · Concentrated · Low turnover · Top: UAL 18.1% · SYF 14.4% · EXPE 12.0%

Read the filing →

Streakslongest held · 53 quarters on record

  1. EXPE Expedia Group, Inc. 12.0%53+ quarters
  2. DAL Delta Air Lines, Inc. 8.1%53+ quarters
  3. ALK Alaska Air Group, Inc. 2.0%53+ quarters
  4. TRIP TripAdvisor, Inc. 1.4%53+ quarters
  5. UAL United Airlines Holdings, Inc. 18.1%48 quarters

4 names have been in this book every quarter on record (53). New in this book this quarter: META, Z, AERO, MA, FLEX and 3 more.

Over time53 quarters, Q2 2013 to Q2 2026

US stock$4.0B Q2 2026

Positions45 Q2 2026

Picture99.9% Q2 2026

Turnover20%/yr Q2 2026

Filings53

  1. Q2 2026 filed Aug 14, 26 $4.0B · 45 positions  · 8 new · 8 exited full · Concentrated 8 new · 8 exited
  2. Q1 2026 filed May 15, 26 $3.4B · 45 positions  · 6 new · 9 exited full · Concentrated 6 new · 9 exited
  3. Q4 2025 filed Feb 17, 26 $3.8B · 48 positions  · 5 new · 14 exited full · Concentrated 5 new · 14 exited
  4. Q3 2025 filed Nov 14, 25 $3.4B · 57 positions  · 10 new · 6 exited full · Concentrated 10 new · 6 exited
  5. Q2 2025 filed Aug 14, 25 $3.1B · 53 positions  · 10 new · 3 exited full · Concentrated 10 new · 3 exited
  6. Q1 2025 filed May 15, 25 $3.0B · 46 positions  · 4 new · 15 exited full · Concentrated 4 new · 15 exited
  7. Q4 2024 filed Feb 14, 25 $3.4B · 57 positions  · 8 new · 7 exited full · Concentrated 8 new · 7 exited
  8. Q3 2024 filed Nov 14, 24 $3.5B · 56 positions  · 12 new · 6 exited full · Concentrated 12 new · 6 exited
  9. Q2 2024 filed Aug 14, 24 $3.2B · 50 positions  · 5 new · 2 exited full · Concentrated 5 new · 2 exited
  10. Q1 2024 filed May 15, 24 $3.2B · 47 positions  · 11 new · 6 exited full · Concentrated 11 new · 6 exited
  11. Q4 2023 filed Feb 14, 24 $3.0B · 42 positions  · 4 new · 9 exited full · Concentrated 4 new · 9 exited
  12. Q3 2023 filed Nov 14, 23 $2.7B · 47 positions  · 4 new · 2 exited full · Concentrated 4 new · 2 exited
  13. Q2 2023 filed Aug 14, 23 $2.9B · 45 positions  · 8 new · 5 exited full · Concentrated 8 new · 5 exited
  14. Q1 2023 filed May 15, 23 $2.7B · 42 positions  · 8 new · 5 exited full · Concentrated 8 new · 5 exited
  15. Q4 2022 filed Feb 14, 23 $2.8B · 39 positions  · 3 new · 6 exited full · Concentrated 3 new · 6 exited
  16. Q3 2022 filed Nov 14, 22 $2.7B · 42 positions  · 7 new · 5 exited full · Concentrated 7 new · 5 exited
  17. Q2 2022 filed Aug 9, 22 $3.0B · 40 positions  · 8 new · 15 exited full · Concentrated 8 new · 15 exited
  18. Q1 2022 filed May 12, 22 $4.2B · 47 positions  · 15 new · 24 exited full · Concentrated 15 new · 24 exited
  19. Q4 2021 filed Feb 11, 22 $3.7B · 56 positions  · 8 new · 13 exited full · Concentrated 8 new · 13 exited
  20. Q3 2021 filed Nov 15, 21 $4.2B · 61 positions  · 2 new · 1 exited full · Concentrated 2 new · 1 exited
  21. Q2 2021 filed Aug 16, 21 $4.0B · 60 positions  · 24 new · 10 exited full · Concentrated 24 new · 10 exited
  22. Q1 2021 filed May 17, 21 $4.2B · 46 positions  · 19 new · 3 exited full · Concentrated 19 new · 3 exited
  23. Q4 2020 filed Feb 4, 21 $3.4B · 30 positions  · 4 new · 17 exited full · Concentrated 4 new · 17 exited
  24. Q3 2020 filed Nov 14, 20 $2.6B · 43 positions  · 1 new · 3 exited full · Concentrated 1 new · 3 exited
  25. Q2 2020 filed Aug 14, 20 $2.6B · 45 positions  · 6 new · 6 exited full · Concentrated 6 new · 6 exited
  26. Q1 2020 filed May 15, 20 $2.3B · 45 positions  · 9 new · 7 exited full · Concentrated 9 new · 7 exited
  27. Q4 2019 filed Feb 14, 20 $5.1B · 43 positions  · 3 new · 9 exited full · Very concentrated 3 new · 9 exited
  28. Q3 2019 filed Nov 14, 19 $5.7B · 49 positions  · 2 new · 3 exited full · Very concentrated 2 new · 3 exited
  29. Q2 2019 filed Aug 14, 19 $6.0B · 50 positions  · 4 new · 3 exited full · Very concentrated 4 new · 3 exited
  30. Q1 2019 filed May 15, 19 $5.4B · 49 positions  · 5 new · 15 exited full · Very concentrated 5 new · 15 exited
  31. Q4 2018 filed Feb 14, 19 $6.0B · 59 positions  · 4 new · 21 exited full · Concentrated 4 new · 21 exited
  32. Q3 2018 filed Nov 14, 18 $8.7B · 76 positions  · 6 new · 11 exited full · Concentrated 6 new · 11 exited
  33. Q2 2018 filed Aug 14, 18 $8.9B · 81 positions  · 2 new · 2 exited full · Focused 2 new · 2 exited
  34. Q1 2018 filed May 15, 18 $9.1B · 81 positions  · 10 new · 6 exited full · Focused 10 new · 6 exited
  35. Q4 2017 filed Feb 14, 18 $8.9B · 77 positions  · 10 new · 15 exited full · Focused 10 new · 15 exited
  36. Q3 2017 filed Nov 14, 17 $8.8B · 82 positions  · 6 new · 8 exited full · Concentrated 6 new · 8 exited
  37. Q2 2017 filed Aug 14, 17 $8.9B · 84 positions  · 13 new · 6 exited full · Concentrated 13 new · 6 exited
  38. Q1 2017 filed May 15, 17 $8.2B · 77 positions  · 14 new · 12 exited full · Concentrated 14 new · 12 exited
  39. Q4 2016 filed Feb 14, 17 $7.6B · 75 positions  · 4 new · 12 exited full · Concentrated 4 new · 12 exited
  40. Q3 2016 filed Nov 14, 16 $6.9B · 83 positions  · 10 new · 7 exited full · Concentrated 10 new · 7 exited
  41. Q2 2016 filed Aug 15, 16 $6.0B · 80 positions  · 12 new · 11 exited full · Focused 12 new · 11 exited
  42. Q1 2016 filed May 16, 16 $6.2B · 79 positions  · 12 new · 13 exited full · Focused 12 new · 13 exited
  43. Q4 2015 filed Feb 16, 16 $5.4B · 80 positions  · 4 new · 4 exited full · Concentrated 4 new · 4 exited
  44. Q3 2015 filed Nov 16, 15 $4.7B · 80 positions  · 11 new · 4 exited full · Concentrated 11 new · 4 exited
  45. Q2 2015 filed Aug 14, 15 $4.4B · 73 positions  · 6 new · 3 exited full · Focused 6 new · 3 exited
  46. Q1 2015 filed May 15, 15 $4.3B · 70 positions  · 7 new · 7 exited full · Focused 7 new · 7 exited
  47. Q4 2014 filed Feb 17, 15 $4.3B · 70 positions  · 14 new · 12 exited full · Focused 14 new · 12 exited
  48. Q3 2014 filed Nov 14, 14 $3.7B · 68 positions  · 13 new · 9 exited full · Focused 13 new · 9 exited
  49. Q2 2014 filed Aug 14, 14 $3.6B · 64 positions  · 7 new · 7 exited full · Focused 7 new · 7 exited
  50. Q1 2014 filed May 14, 14 $3.3B · 64 positions  · 14 new · 5 exited full · Focused 14 new · 5 exited
  51. Q4 2013 filed Feb 14, 14 $3.0B · 55 positions  · 7 new · 13 exited full · Concentrated 7 new · 13 exited
  52. Q3 2013 filed Nov 14, 13 $3.3B · 61 positions  · 5 new · 6 exited full · Concentrated 5 new · 6 exited
  53. Q2 2013 filed Aug 14, 13 $3.6B · 62 positions  · 0 new · 0 exited full · Focused 0 new · 0 exited

People1

  • Paul Reeder · founder · 1990–Founder and President; 75%+ owner since May 1992, still President in the March 2026 Form ADV. Source: parcapital.com, Form ADV Schedule A CRD 156596